Viola, Wisconsin Property Taxes
The median property tax rate in Viola, WI is 1.26%, higher than the national median of 0.99% but lower than the Wisconsin state median of 1.58%. With the median home value in Viola, the typical annual property tax bill reaches $1,383, which is below the national median of $2,690. Property taxes in Viola are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Viola's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Viola or another part of Vernon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Viola, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Viola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Viola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Viola to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Viola, Wisconsin
Property taxes in Viola, Wisconsin, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Viola is 1.26%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Viola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Viola estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Viola's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54664 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Viola provides valuable insights into the varying tax landscape across Vernon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Viola Tax Rate
1.26%
Average Vernon County Tax Rate
1.47%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Viola, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54664 | 0.96% | 1.14% | 1.26% | 1.40% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Viola, Wisconsin
In Viola, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Vernon County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Viola, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Viola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Viola are both $1,383, found in the zip code 54664.
Average Viola Assessed Value
$105,100
Average Vernon County Assessed Value
$157,400
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Viola, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54664 | $31,660 | $60,250 | $105,100 | $180,350 | $257,400 |
Source: Ownwell
Property Tax Bills Across Viola, Wisconsin
In Viola, located in Vernon County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor, who evaluates the property's market value. Homeowners in Viola face a property tax rate that is influenced by various factors, including local government budgets, school district funding, and public service needs. For instance, with a median home price of $105,100, the tax bill can vary significantly. At the 25th percentile, homeowners might see a tax bill around $719, while those at the 75th percentile could pay approximately $2,356. The tax burden can be even higher, reaching up to $3,405 at the 90th percentile. Comparing these figures to the national median property tax rate of 0.99%, Viola's homeowners may find their tax obligations to be relatively aligned with national averages. This variability in tax bills impacts homeowners by influencing their overall cost of living and financial planning.
Average Viola Tax Bill
$1,383
Average Vernon County Tax Bill
$2,337
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Viola, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54664 | $336 | $719 | $1,383 | $2,356 | $3,405 |
Source: Ownwell